Brazil shares higher at close of trade; Bovespa up 1.70%

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Brazil shares higher at close of trade; Bovespa up 1.70% – Brazil equities were higher at the close on Wednesday, as gains in the Financials , Basic Materials and Consumption sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa gained 1.70% to hit a new all time high.

The biggest gainers of the session on the Bovespa were Cia de Saneamento Basico do Estado (SA: SBSP3 ), which rose 5.34% or 1.82 points to trade at 35.89 at the close. Cielo SA (SA: CIEL3 ) added 4.17% or 1.02 points to end at 25.50 and Petroleo Brasileiro SA PN (SA: PETR4 ) was up 4.02% or 0.71 points to 18.36 in late trade.

Biggest losers included Cia Paranaense de Energia (SA: CPLE6 ), which lost 2.22% or 0.52 points to trade at 22.91 in late trade. Klabin Unt (SA: KLBN11 ) declined 2.20% or 0.38 points to end at 16.90 and CEMIG - Companhia Energetica Minas Gerais Pref (SA: CMIG4 ) shed 1.60% or 0.11 points to 6.76.

Advancing stocks outnumbered falling ones by 232 to 167 and 43 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 0.18% to 33.00.

In commodities trading, Gold Futures for February delivery was down 0.61% or 8.20 to $1328.90 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.24% or 0.15 to hit $63.88 a barrel, while the March US coffee C contract rose 2.00% or 2.41 to trade at $123.08 .

USD/BRL was down 0.04% to 3.2239, while EUR/BRL fell 0.32% to 3.9394.

The US Dollar Index Futures was up 0.20% at 90.41.

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